Kotak Mahindra Bank Savings Account vs YES Bank Regular Savings Account

Kotak Mahindra Bank Savings Account

YES Bank Regular Savings Account

Interest Rate

3.50% - 4.00% p.a.

4.00% - 5.25% p.a

Minimum Balance

Zero Balance Savings Account

NIL or Rs. 10,000/Rs. 25,000

Monthly Average balance

Nil or Rs. 10,000

For Savings Account PRO: Rs. 10,000; For Savings Account PRO Plus: Rs. 25,000; Freedom from maintaining average monthly balance (AMB) subject to FD value five times of AMB requirement

Features

Free NEFT through Internet Banking

Free Cash Withdrawals at Domestic ATMs

Scan and Pay to make payments for shopping, groceries, and much more

Internet and Banking facility available

Mobile and SMS banking SMS & Email alert facility for day end balance/ transactions above a threshold/low balance (free for Savings account PRO Plus customers)

TRUE Anywhere banking facility – Free banking across all YES Bank branches

Free cash withdrawal facility across all YES Bank ATMs

Access your account detail anytime, anywhere with easy access to digital channels like YES ONLINE, YES Mobile, YES ROBOT & WhatsApp Banking

24*7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility

Free Utility Bill Payment

Documents Required

* Driving License, Passport, Voter's ID, Aadhaar Card, PAN Card

* Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)

* Latest Passport Size Photographs

To open Kotak 811 Zero Balance Savings Account, please click here

* Duly-filled account opening form

* PAN Card/Form 60 with reasons for not having a PAN Card